Meaning of Contract, Nature and Scope of Contract
What is the meaning of contract? Meaning of Contract: - A contract means an agreement, which is enforceable by law. An agreement consists of reciprocal (mutual) promises between the two…
Effect of Void, Voidable, Valid, Illegal, Unlawful Agreements
What is the difference between void and voidable contract? Chapter 2 of the Indian Contract Act, 1872 discusses void and voidable contracts. Based on validity or enforceability, we have five…